Mortgage Demand Declines for the First Time in Five Weeks Amid Rising Rates
Mortgage applications declined by 0.7% due to reduced refinancing activity, highlighting shifting market conditions that may impact private lending strategies.
The Federal Reserve’s Challenge in Addressing the Housing Recession
Housing remains a key economic driver. Current housing starts are mirroring levels from the COVID-19 recession, indicating potential market trends for lenders.
United Real Estate Strengthens Midwest Presence with Kansas City Merger
Dallas brokerage expands in the Midwest through the merger of affiliate Platinum Realty with SunWest Real Estate Advisors, enhancing industry presence and collaboration.
Citi aims to expand its market presence through the mortgage.com platform.
Citi's new platform offers tools for real-time rate comparisons and educational digital content, designed to assist borrowers and homeowners effectively.
RE/MAX Reports 6.3% Increase in Year-Over-Year Home Sales
"Insights reveal a 5.7% annual increase in median home sales price, highlighting market stability and potential investment opportunities for private lenders."
Criticism of New Real Estate Platform Revealing Prospective Neighbors’ Votes
Discover the impact of political affiliations on real estate with insights from 'The View' discussing a controversial new platform for prospective neighbors.
Builder Confidence Remains Stable
Builder confidence sees a notable increase, indicating positive sales expectations for the next six months, signaling a potential opportunity for private lenders.
Fairway Reverse Division Recognizes Longtime Professional with Achievement Award
“Pistol Pete” Stebbins, a pioneer in reverse lending, receives a lifetime achievement award from Fairway's division, celebrating his 40 years of industry dedication.
CFPB extends mortgage protections to clean energy loans.
CFPB finalizes rule enhancing protections for borrowers of PACE loans, aimed at promoting energy-efficient home upgrades and safeguarding consumer interests.
Fed rate cut anticipated, but mortgage rates may not significantly drop.
Mortgage rates remain steady despite recent Fed rate cuts, indicating a potential shift in borrowing dynamics. Analyze how this could impact your lending strategy.